Commercial real estate loans help people purchase the land or commercial property their business needs. It helps them expand and remodel as their business grows fast.
As opposed to residential loans which generally come with a 30-year mortgage, the terms on commercial real estate are shorter and are generally from less than 5 years to about 20 years.
Commercial Real Estate loans are given in the form of permanent loans, which is the basic first mortgage on the business property. However, these loans have to have a term of at least 5 years and take a while to be sanctioned. Often these loans have a longer amortization period (say 30 years) than repayment period. This means the monthly payments are as if the loan is amortized over 30 years, but there will be a bulk payment at the end of the loan period (say 5 years).
SBA (Small Business Association) loans are another category. They have to be guaranteed by the SBA, and that can often be a time-consuming process with several hassles.
So for people who are waiting for a longer term traditional loan to be sanctioned, or want to pay off an existing obligation, there are very few good options when it comes to commercial real estate financing.
Gold Card Capital solves this problem by providing brokers, developers, investors and owners who deal with commercial real estate, short-term loans.
The loan term is generally between six months to three years. With fast and easy access to short-term loans, you can now take your commercial property to the next level with renovations, higher rentals, and more tenants. Sign up with us today!
Learn more about Gold Card Capital today. Please call for any free analysis/consultation on 1-855-479-9380
or send an email to m_adelberg@goldcardcapital.com.